On 29 July 2013, the Government has issued Decree No. 86/2013/ND-CP on business in prize-winning electronic games for foreigners ("Decree 86"). Accordingly, Decree 86 provided more regulations in order to closely manage the business in prize-winning electronic games for foreigners as follows:

Decree 86 continues to specify that only foreigners and Vietnamese resided in foreign countries possessing foreign passport granted by competent agencies of foreign countries, travel documents that are valid and conducting legal entry in Vietnam who are permitted to play prize-winning electronic games. If the enterprises leave Vietnamese to join, the enterprises would be a heavy penalty with a fine from 180 million VND to 200 million VND and an additional penalty of the revocation of the certificate of business eligibility for a period of time.

In addition, Decree 86 pressed one of principles of business in prize-winning electronic games which is business in prize-winning electronic game must attach with main business operation of enterprises, aiming to promote the tourist development and ensure security, order and social safety, and only enterprises had tourist accommodation establishments ranked 5 stars or high rank or better rank as accredited by competent state management agencies which is permitted to conduct business in prize-winning electronic games. Unlike the old regulation that enterprises wishing to conduct prize-winning electronic game business activities shall have to submit dossiers of application for permission to the Ministry of Planning and Investment and shall be allowed to conduct prize-winning electronic game business activities only after they are granted investment certificates (for foreign-invested enterprises) or business registration certificates (for domestic enterprises). Currently, the new regulations of Decree 86 states that business in prize-winning electronic game is conditional business operation and must be granted the Certificate of eligibility for business in prize-winning electronic games by the Ministry of Finance. Accordingly, enterprises having been licensed for establishment and business operation of tourist accommodation establishment (Investment Certificates or Enterprise Registration Certificate) by competent agencies will be considered to grant Certificate of eligibility for business in prize-winning electronic game.

Decree 86 further provided the detailed conditions and order of, procedures for grant of Certificate of eligibility for business in prize-winning electronic game. Within 12 months after this Decree takes effect, enterprises already been granted the investment Certificate or business registration Certificate, in which included the business operation of prize-winning electronic game before this Decree takes effect must do procedures for grant of Certificate of eligibility for business in prize-winning electronic game. Exceeding the above time limit (12 months), if enterprises fail to do procedures for grant of the business eligibility Certificate, such enterprises must terminate the business operation of prize-winning electronic game. The time limit of Certificate of eligibility for business in prize-winning electronic game is not more than 10 years maximally from the effective date of Certificate of eligibility for business in prize-winning electronic game. In case where enterprises possessed the investment Certificate or business registration Certificate which has specified about the business time limit, the time limit of certificate of eligibility for business in prize-winning electronic game will maximally be equal to the remaining operational time limit specified in investment Certificate or business registration Certificate.

Furthermore, enterprises doing business in prize-winning electronic game are permitted organizing prize-winning electronic game at a sole business spot as stated in Certificate of eligibility for business in prize-winning electronic game. The business spot must meet full the conditions as specified in this Decree. Of which, quantity of prize-winning electronic game machines is specified in Certificate of eligibility for business in prize-winning electronic game that base on total accommodation rooms at accommodation establishments at the rate of each 05 accommodation rooms, enterprises are permitted doing business maximally not more than 01 prize-winning electronic game machine. The enterprises would be a penalty with a fine from 180 million VND to 200 million VND and an additional penalty of the revocation of the certificate of business eligibility for a period of time when conducting act of organizing business operation exceeding quantity of prize-winning electronic game machines in accordance with regulation. For enterprises are conducting business such service, in case where the investment Certificate or business registration Certificate specified about quantity of the prize-winning electronic game machines, enterprises will be permitted to continue business with the quantity of the prize-winning electronic game machines specified in such investment Certificate or business registration Certificate, and in case where the investment Certificate or business registration Certificate failed to specify about quantity of the prize-winning electronic game machines, enterprises will be permitted to do business with the quantity of the prize-winning electronic game machines not exceeding the quantity of the prize-winning electronic game machines specified in this Decree.

When putting any electronic game into business, enterprises must formulate game rules in conformity with game method, prize ratio, and separate design of each kind of machine and send to the Ministry of Finance, the provincial Departments of Finance, and the local taxation Departments for monitoring. The conventional money of each enterprise must have separate stamps or signs for identification and must meet fully technical conditions as promulgated by state management agencies. The par value of conventional money is permitted to inscribe in Vietnam dong or a kind of convertible foreign currency. The conversion of par value of conventional money in foreign currency shall comply with guide of the State Bank of Vietnam. Enterprises are not permitted to use the conventional money of other enterprises for business. Enterprises must conduct strict management with respect to the conventional money in accordance with guide of the Ministry of Finance so as to do as basis for defining their turnover and must register model, quantity, kind with the provincial Departments of Finance and taxation agencies directly managing them at localities for monitoring and management.

The prize-winning electronic game machines used in business spot must be suitable with quantity, kind and type of prize-winning electronic game which enterprises are permitted to do business. The prize-winning electronic game machines that are bought (bought domestically or imported) for use at business spot must be 100% new, originated from manufactures or suppliers of prize-winning electronic game machines which have been granted certificate of accreditation by an independent organization with function of accreditation in conformity with technical conditions as announced or issued by the Ministry of Finance.

Enterprises must formulate and promulgate Regulation on internal management in the business spot, an internal regulation on prevention against money laundering. Enterprises only organize the business operation of prize-winning electronic game after having sent Regulation on internal management in the business spot, an internal regulation on prevention against money laundering to the business registration agencies, the provincial Departments of Finance, the provincial Departments of Culture, Sport and Tourist, the Public Security agencies of provinces, central-affiliated cities, the local taxation Departments where enterprises located their business spot, the Ministry of Finance, and the State Bank of Vietnam.

Enterprises are accepted to use Vietnam dong, foreign currency in cash or credit card of players for converting the conventional money when participating in prize-winning electronic games. The collection and spending of enterprises are performed after enterprises have been licensed by the State Bank of Vietnam as prescribed by law on foreign exchange management. Enterprises may collect foreign currency in cash from the business operation of prize-winning electronic game and use these amounts in foreign currency to pay prize to players when they win and other foreign exchange activities after having been licensed by the State Bank of Vietnam.

Enterprises are entitled to perform discount policy to players; the maximum discount is 2% on total value of the conventional money bought. When defining taxable price, they are counted under the principle of actual revenue which have been deducted reductions.

Decree 86 further provided for the violations and sanctions of administrative violations in the field of business in prize-winning electronic games for foreigners.

This Decree takes effect from 01 October 2013 and replaces Decision No. 32/2003/QD-TTg dated February 27, 2003, of the Prime Minister, promulgating the Regulation on business operation of prize-winning electronic game for foreigners and previous provisions contrary to with provisions in this Decree.